Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • World Gold Mine Production

Tim Kaine: Rated D by Cato Institute

July 29, 2016 By E.J. Smith - Your Survival Guy

My friend and Cato Institute scholar, Chris Edwards has succinctly summarized what’s wrong with Tim Kaine and why he shouldn’t be allowed anywhere near Number One Observatory Circle. Edwards writes:

Kaine was governor of Virginia from January 2006 to January 2010. I assessed Kaine on Cato’s fiscal report card in 2008, and he received a low grade of “D.”

I found:

Governor Kaine has campaigned vigorously to raise taxes and fees to fund higher transportation spending. In 2007, Kaine helped pass a large revenue package that included tax and fee increases, higher penalties for driving infractions, and the creation of regional taxing authorities within Virginia. The Virginia Supreme Court struck down the unelected tax authorities, and citizens hated the new driver penalties so much that they were repealed. Kaine supported a few tax cuts in 2007, including an increase in the bottom threshold of the individual income tax and a repeal of the estate tax. But in 2008, he is promoting an even bigger transportation plan that would increase taxes and fees by $1.1 billion annually, and he is advocating higher state borrowing to fund education and transportation. On spending, Kaine promoted a big increase in his first budget, but has favored greater restraint since then.

In Kaine’s first year, general fund spending jumped a remarkable 17 percent. But spending was flat the second year, and then declined 14 percent during Kaine’s final two years as the economy entered recession. Richmond Times-Dispatch columnist Bart Hinkle gives Kaine credit for the spending cuts, but notes, “it’s clear that Kaine would much rather have preferred to balance the state budget by raising taxes.”

FLASHBACK VIDEO: Every Budget Kaine Proposed Included Tax Increases

Related Posts

  • Cato Institute on the EU
  • Cato Institute Publications Catalog 2009
  • Today I’m at the Cato Institute
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Your Survival Guy’s Take on ChatGPT and AI - June 6, 2023
  • ALLIGATOR MARKET: Calm Surface Hides Danger Below - June 6, 2023
  • Successful Investing Is a Mindset - June 5, 2023

Dick Young’s Must Reads

  • Making America Great Again Is What America Wants
  • Your Best State on Guns, Plus the 8th Wonder of the World
  • The Four Most Important Words in Investing
  • Your Survival Guy’s 2022 Super States: #1 New Hampshire
  • WAR HAS BEGUN: What Advice Are You Giving Your Loved Ones?
  • To Me There Isn’t a Better Way to Live
  • Work to Make Money/Invest to Save Money
  • Paris, The Palace Hotels: Part I
  • Hey, Where’s Everyone Going? Follow the Money Kid
  • Does Big Government Create Poverty?

Disclosure

RSS Youngresearch.com

  • Your Survival Guy’s Take on ChatGPT and AI
  • CBDCs Not “Just Another Form of Money”
  • The Push to Diversify Away from China
  • ALLIGATOR MARKET: Calm Surface Hides Danger Below
  • Will OPEC+ Cuts and New Technology Revive U.S. Shale?
  • Successful Investing Is a Mindset
  • My Nephew Graduates, and I’m Larry the Cable Guy
  • Does the Government Have a Plan to “Sneak Through” CBDCs?
  • OPEC+: Saudi Arabia To Cut 1M Barrels of Oil Production
  • California Is Driving These Wealthy Businesses Out of the State

RSS Yoursurvivalguy.com

  • Your Survival Guy’s Take on ChatGPT and AI
  • ALLIGATOR MARKET: Calm Surface Hides Danger Below
  • My Nephew Graduates, and I’m Larry the Cable Guy
  • California Is Driving These Wealthy Businesses Out of the State
  • Rome, Paris, U.S.A.: Global Crisis in Confidence
  • Your Survival Guy’s Best Insider’s Guide to Rome
  • What Is a Fiduciary Duty? Are You Working with a Fiduciary?
  • Survive and Thrive June 2023: Your Survival Guy in Rome 30-Years A.B. (After Babson)
  • Birth Rates in France Worst Since Post-WWII Era
  • Your Survival Guy Felt Like a U.N. Worker in Rome

Is This the Summer of the Tick Fest

Your Survival Guy’s Take on ChatGPT and AI

CBDCs Not “Just Another Form of Money”

Concentrate on Dividend Record and Compounding

ALLIGATOR MARKET: Calm Surface Hides Danger Below

The Sham Claims of Lab-Grown “Meat”

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives